Roberts v. Morsell
Court of Appeals of Maryland
Appeal from the Equity Side of the Circuit Court for Calvert county. The bill in this case was filed by the appellants, for an injunction to restrain the appellee from further proceedings in an ejectment suit to recover certain lands which he had sold to the complainants.
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Appeal from the Equity Side of the Circuit Court for Calvert county. The bill in this case was filed by the appellants, for an injunction to restrain the appellee from further proceedings in an ejectment suit to recover certain lands which he had sold to the complainants. The only question in the case relates to the proper mode of calculating interest under the contract of sale between the parties, the material parts of which are as follows: “Three thousand dollars, part of the said purchase money, to be paid in cash, the residue thereof in six equal annual instalments, with interest on the…
1Opinion of the Court
Eccrestón, J.,
delivered the opinion of this court.
The present controversy is in regard to the proper mode of calculating interest under the contract between the parties. The appellants contend, that interest should be paid, from ihe 1st of January 1847, upon each instalment, when the principal thereof became due, excepting, of course, the first, which was tobe paid without interest on the 1st of January 1847, but conceding that it would bear interest also from that day, if not then paid. The appellee insists, that upon whatever should be the amount of purchase money unpaid on the 1st of…
2Cited by4 opinions
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- Runyan v. RunyanIndiana Court of Appeals · 1920
- Farmers State Bank v. FastAppellate Court of Illinois · 1928
- Scheirer v. Faith-Lehigh Plating Co., Pennsylvania Court of Common Pleas, Lehigh County1965